Opinions Jim Cramer - Mad Money
Norwegian Cruise Line HoldingsNCLHWATCHFeb 27, 2026
Jim Cramer - Mad MoneyUnknown
$24.79
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The cruise lines had a great run last year, but stalled this year. However, recently they are bouncing back. Late-July, NCLH returned to service and last weekend they had their first U.S. cruise, post-Covid, from Seattle to Alaska. By the end of this quarter, NCLH expects to operate at 40% capacity, 75% by end year's end, and 100% by April 2022. They reported last week that they are still losing money, but bookings are strong, especially for 2022. Last weekend, they won a key court case in Florida to refuse service to unvaccinated customers and crew.
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Rising oil prices are a concern, but what really worries him is the lawsuit that Norwegian Cruise Line filed (against Florida to cease FLA's ban on vaccine passports). With the Delta variant coming, he'd buy NCLH over other cruise lines, like Carnival.
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Question about Carnival Cruiselines He prefers Norwegian due to a better balance sheet, raising cash and a good CEO.
They report Monday. Activists Elliot Management want this company to perform like its peers, Royal Caribbean and Viking. Elliot has a great track record. He suggests that NCLH sell to Disney which needs more cruise ships, and buying ships takes less than waiting 5 years for a new ship.